Tire Global Market Report 2026

Tires, circular rubber components fitted onto vehicle wheels, provide traction and stability on various surfaces for smooth vehicle operation.

The primary categories of tires include bias tire, radial tire, and belted bias. A bias tire is constructed with cord plies that run perpendicular to the tread's center line. These tires are available through various distribution channels, both online and offline, and find application across a broad spectrum, including cars, bicycles, motorcycles, buses, trucks, heavy equipment, aircraft, and other vehicles. They serve as both replacement tires and original equipment manufacturer (OEM) tires.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the tire market by increasing costs of imported natural rubber, synthetic rubber, carbon black, steel cords, and specialized chemicals used in tire manufacturing. Automotive and commercial vehicle segments in North America and Europe are most affected due to dependence on imported raw materials and semi-finished components, while Asia-Pacific faces pressure on export-oriented tire production. These tariffs are raising production costs and influencing tire pricing strategies across OEM and replacement markets. However, they are also encouraging local sourcing of materials, expansion of domestic tire manufacturing capacity, and innovation in alternative and sustainable tire compounds.

The tire market research report is one of a series of new reports from The Business Research Company that provides tire market statistics, including tire industry global market size, regional shares, competitors with a tire market share, detailed tire market segments, market trends and opportunities, and any further data you may need to thrive in the tire industry. This tire market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tire market size has grown steadily in recent years. It will grow from $202.83 billion in 2025 to $210.33 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to growth in global vehicle parc, expansion of commercial transportation fleets, rising demand for replacement tires, increasing adoption of radial tire construction, expansion of road transportation infrastructure.

The tire market size is expected to see steady growth in the next few years. It will grow to $249.51 billion in 2030 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rising demand for fuel-efficient tires, growing emphasis on sustainable tire materials, expansion of off-road and specialty vehicle segments, increasing investments in advanced tire manufacturing technologies. Major trends in the forecast period include increasing demand for low-rolling-resistance tires, rising adoption of radial tire technologies, growing focus on high-durability and performance tires, expansion of specialized tires for heavy equipment, enhanced emphasis on tire safety and longevity.

The rising number of transportation activities is expected to propel the growth of the tire market going forward. Transportation activities encompass the movement of goods, people, or services from one place to another using various modes such as roads, railways, airways, waterways, or pipelines, facilitating the exchange of resources and fostering economic, social, and cultural interactions across regions. Transportation activities significantly impact the tire market by influencing demand through vehicle usage, driving patterns, and the need for durable, efficient tires across various modes of transportation. For instance, in December 2023, according to Statistics Canada, a Canada-based national statistical agency, the total passenger trips on Canada's urban transit networks reached 136.0 million in October, marking a 16.3% increase (+19.1 million rides) compared to October 2022. Therefore, the rising number of transportation activities drives the growth of the tire market.

Major companies operating in the tire sector are concentrating on the development of new technologies to reinforce their competitive position in the market. New technologies encompass advancements in tire materials, design, and manufacturing techniques that improve performance, safety, durability, and sustainability. For instance, in February 2023, Zhongce Rubber Group, a China-based tire manufacturer, launched a new range of tires called the EV Pro line-up for electric passenger vehicles, featuring Zuper Silent technology, which minimizes tire noise through the use of all-season noise-absorbing compounds, three-dimensional silent blocks, and a dedicated soundproof chamber. In addition, the EV Pro incorporates BPOT technology, providing enhanced handling through a 5% larger contact area at high speeds, along with Mixing Technology to improve grip and stability. Furthermore, the Gen II Hybrid Silane Compound enhances the EV Pro's mileage, while the DMOT Design Theory helps reduce rolling resistance.

In March 2023, Zodo Tire, a China-based tyres manufacturer, acquired Kaixuan Rubber for an undisclosed amount. This acquisition allows Zodo Tire to leverage Kaixuan's advanced rubber processing technologies, improving product quality and durability. By integrating Kaixuan's resources and expertise, Zodo aims to accelerate its innovation efforts and respond more effectively to market demands. Kaixuan Rubber is a China-based manufacturer of tyres.

Major companies operating in the tire market are Sumitomo Corporation, Continental AG, Bridgestone Corporation, Michelin Group, The Goodyear Tire and Rubber Company, Maxxis International, Yokohama Tire Corporation, Pirelli Tyre SpA, Zhongce Rubber Group Co Ltd., Cheng Shin Rubber Ind. Co Ltd., Sailun Group Co Ltd., Apollo Tyres Ltd., Trelleborg AB, MRF Limited, Kumho Tyre Pty. Ltd., Shandong Linglong Tire Co Ltd., Linglong Tire Co Ltd., Cooper Tire & Rubber Company, Nexen Tire Corporation, Hankook Tire and Technology Co Ltd., Nokian Tyres plc, Double Coin Holdings Ltd., JK Tyre & Industries Ltd., CEAT Limited, Triangle Tyre Co Ltd., Guizhou Tyre Co Ltd., Alliance Tire Group, Aeolus Tyre, GT Asia Pacific Holdings Pte. Ltd., Federal Corporation, JINYU Tire Group Co Ltd.

Asia-Pacific was the largest region in the tire market in 2025. The regions covered in the tire market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the tire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire market consists of the sale of touring tires, track and competition tires, all-terrain, and specialty tires. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Tire Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses tire market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for tire ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The tire market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Bias Tire; Radial Tire; Belted Bias
• 2) By Distribution Channel: Online; Offline
• 3) By Application: Cars; Bicycles; Motorcycles; Buses; Trucks; Heavy Equipment; Aircraft; Other Applications
• 4) By End-Use: Replacement Tires; Original Equipment Manufacturer (OEM) Tires
• Subsegments:
• 1) By Bias Tire: Cross Ply Tires; Diagonal Ply Tires
• 2) By Radial Tire: Passenger Radial Tires; Truck Radial Tires; Specialty Radial Tires
• 3) By Belted Bias: Belted Bias Passenger Tires; Belted Bias Truck Tires
• Companies Mentioned: Sumitomo Corporation; Continental AG; Bridgestone Corporation; Michelin Group; The Goodyear Tire and Rubber Company; Maxxis International; Yokohama Tire Corporation; Pirelli Tyre SpA; Zhongce Rubber Group Co Ltd.; Cheng Shin Rubber Ind. Co Ltd.; Sailun Group Co Ltd.; Apollo Tyres Ltd.; Trelleborg AB; MRF Limited; Kumho Tyre Pty. Ltd.; Shandong Linglong Tire Co Ltd.; Linglong Tire Co Ltd.; Cooper Tire & Rubber Company; Nexen Tire Corporation; Hankook Tire and Technology Co Ltd.; Nokian Tyres plc; Double Coin Holdings Ltd.; JK Tyre & Industries Ltd.; CEAT Limited; Triangle Tyre Co Ltd.; Guizhou Tyre Co Ltd.; Alliance Tire Group; Aeolus Tyre; GT Asia Pacific Holdings Pte. Ltd.; Federal Corporation; JINYU Tire Group Co Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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